ArvinIG

Hi @alex9686, I am glad to hear that it was resolved, the Corporate action team was very prompt to take action once I reach out. All the best - Arvin

Hi @Pricey520, Please try with another browser. You can also delete your cookies and empty your cache. If you are still facing issues, please reach out to helpdesk.uk@ig.com, or go to https://www.ig.com/uk/welcome-page and use our live chat. All the best - Arvin

The chipmaker reports bumper first-quarter sales Source: Bloomberg Shares Nvidia Revenue Share repurchase Jensen Huang COVID-19 pandemic NVIDIA Corp (All Sessions) unveiled record first-quarter sales and record data centre and gaming revenues. Sales for the three months to May 1st at America’s biggest chip maker rose 46% to $8.29 billion – up 8% on the fourth-quarter. However, net income almost halved (down 46%) to $1.6 billion from $3 billion in the previous quarter ($1.9 billion in the first-quarter 2021) after the graphics card producer took a $1.35 billion hit from the axed Arm acquisition. The strong sales growth was achieved, “against the backdrop of a challenging macro environment,” Jensen Huang, the company’s founder and CEO, told shareholders. “The effectiveness of deep learning to automate intelligence is driving companies across industries to adopt Nvidia for AI computing,” he added. “Data center has become our largest platform, even as gaming achieved a record quarter. Huang says that the company is readying itself for “the largest wave of new products in our history with new GPU, CPU, DPU and robotics processors ramping in the second half.” He believes Nvidia’s new chips and systems will “greatly advance AI, graphics, Omniverse, self-driving cars and robotics, as well as the many industries these technologies impact.” Demand for data centre products to continue, says Huang Gaming revenues grew by 31% to $6.2 billion during the quarter, while data centre sales also increased by an impressive 83% to $3.8 billion, boosted by artificial intelligence-related sales to cloud computing clients. Huang expects this strong demand for its products to continue. During the quarter, the company also paid out $2.1 billion to investors in share buybacks and dividend payments. Management plans to make a total of up to $15 billion of share repurchases in the current financial year. Nvidia’s outlook dampened by Ukraine war and China lockdowns However, the bumper profits were overshadowed by softer outlook guidance. Nvidia expects revenues to dip to $8bn for the second-quarter, plus or minus 2% - which is lower than analysts previously expected. The company’s chief financial officer, Colette Kress, said on the conference call that the Covid-19 restrictions in China have hit demand for its products. “You have very large cities that are in full lockdown,” she said. “So it’s impacting our demand.” Other companies, such as Cisco Systems and Applied Materials Inc, have also reduced their earnings guidance due to the Covid lockdowns in China. Nvidia also anticipates taking a $500 million hit to sales from its withdrawal from Russia. The market previous accounted for 2% of its sales. Nvidia shares have had a torrid time of it in the past few months, thanks to the general flight from technology stocks. The shares have almost halved from a high of $282.5 in March to just $169.75. The stock may continue to take a short-term hit from the Ukraine war and Covid lockdowns in China. However, with strong demand for its products, at these levels, the shares are worth buying. Trade over 16,000 international shares from zero commission with us, the UK’s No.1 trading provider.* Learn more about trading shares with us, or open an account to get started today. *Based on revenue excluding FX (published financial statements, June 2020). Piper Terrett | Financial writer, London 27 May 2022

Hi @NickBB, Unfortunately, it is not available on our web trading platform. You can have such feature on ProRealTime, IG offers PRT accounts. https://www.ig.com/uk/trading-platforms/prorealtime I will forward your feedback to the relevant department to be reviewed. All the best - Arvin

These shares could be worth investing in on recovery hopes Source: Bloomberg Shares Vodafone Investor Inflation Satya Nadella Microsoft Worldwide markets have been hit by fears of a recession this month, as global inflation remains high and the cost of energy rises. The Nasdaq has fallen by 30% this year as investors have fled from growth and tech stocks to the safer haven of more defensive stocks amid the stock market turmoil and war in the Ukraine. However, in these difficult times value can emerge. Here are three stocks we think could be a buy on recovery hopes. Microsoft shares have resilient qualities Microsoft Corp (All Sessions) shares have been hit by the recent tech sell-off fuelled by inflationary concerns. However, recent results showed that the software giant is in rude health. Third-quarter revenues at the company rose 18% to $49.4bn, while operating income rose 19% to $20bn. What’s more, its cloud computing Azure division delivered its best performance for two years, pushing results above analysts’ expectations. And, despite concerns about the economy, Satya Nadella, Microsoft’s chairman and chief executive officer, thinks it will be business as usual for the software giant. “Going forward, digital technology will be the key input that powers the world’s economic output,” Nadella told investors. “Across the tech stack, we are expanding our opportunity and taking share as we help customers differentiate, build resilience and do more with less.” Indeed, Nadella relieved shareholders concerns about slowing worldwide economic growth, saying that he expects customers to try to beat inflation by investing in systems that automate tasks. “In an inflationary environment, the only deflationary thing is software,” he said, forecasting that tech spending should remain resilient. At $259.62, the shares are down 25% on their highs of $345 seen last September and are worth buying. Could a recovery be due at Vodafone? Vodafone shares have disappointed for some time since the heyday of its acquisition of Mannesmann in the early noughties. However, with interest taken in the mobile phone giant lately by activist investors, things could be looking up for shareholders. First, Carl Icahn’s Swedish based investment group Cevian took a stake in the company earlier this year. It is pushing for a shakeup of the business and for Vodafone to lead consolidation in the European telecoms sector. More recently, Emirates Telecom, based in the United Arab Emirates, has purchased a majority shareholding in the company worth 10%. The company says it is supportive of Vodafone’s current strategy. Vodafone’s chief executive Nick Read says he is busy looking for takeover targets in the European telecoms markets. The company is currently in discussions with CK Hutchinson, Hong Kong-based owner of Three, about the possibility of combining its respective UK businesses. However, talks with Masmovil in Spain earlier this year came to nothing, while Vodafone turned down a bid from Iliad for its Italian business. There is always the risk that an ill-judged acquisition spree doesn’t pay off. And the German business is underperforming. Read recently warned investors at the recent results that Vodafone will also be hit by inflationary pressures. Full-year figures are likely to be lower than expected. However, the shares are worth buying at 130p for the long-term on activist investor interest. Intercontinental Hotels Group seeing increased pricing power With the hotel industry emerging from the Covid-19 pandemic, shares in Intercontinental Hotels Group could be worth looking at. Despite the difficulties of Covid-19, the hotel industry has been more insulated from the ravages of the pandemic compared to the airline and cruise line industries. This is because customers have continued to make staycation bookings. Plus, while the sector faces inflationary cost pressures, it does not have to contend with the huge hikes in jet fuel the airline industry is facing. Indeed, recent first-quarter figures from IHG were encouraging with RevPAR up 61% vs 2021 and attaining 82% of 2019’s level. Its hotels in the Americas and Europe and the Middle East also saw improved trading after a tough January. “We’ve seen very positive trading conditions in the first quarter with travel demand continuing to increase in almost all of our key markets around the world,” said IHG CEO Keith Barr at the recent first-quarter results earlier this month. “The high level of demand we have seen for leisure travel continues to drive increased rates and occupancy. We also continue to see a return of business and group travel, further supporting RevPAR improvements in many of our key urban markets.” Barr says the company’s hotels are seeing increased pricing power, with leisure rates in its US hotels up by more than 10% on levels seen in 2019. However, its hotels in China are being hit by Covid lockdowns and restrictions currently in place. At 4,735p, shares in the hotelier are down 12% on their highs of 5358p seen in November last year and have oscillated this year. However, with trading conditions at the group improving, the shares could be worth buying. Trade over 16,000 international shares from zero commission with us, the UK’s No.1 trading provider.* Learn more about trading shares with us, or open an account to get started today. *Based on revenue excluding FX (published financial statements, June 2020). Piper Terrett | Financial writer, London 26 May 2022

Hi @Smithy, Thank you for your post. We will need to determine if the Stock is ISA allowed first. Could you pelase let us know what is the stock ticker? Once clarified our team will be able to guide accordingly. Thank you - Arvin

Australian dollar gains, US dollar falls on FOMC minutes; S&P 500 welcomes potential Fed turning point in Fall 2022 and AUD/USD may rise next, though watch the Hanging Man. Source: Bloomberg Forex Indices Shares United States dollar AUD/USD Australian dollar Wednesday’s market recap – FOMC minutes sinks US dollar, Australian dollar gains The haven-linked US dollar gave up a good chunk of its gains over the past 24 hours in the aftermath of the FOMC meeting minutes. In fact, it was a rosy session on Wall Street, where the Dow Jones, S&P 500 and Nasdaq 100 gained 0.61%, 0.92% and 1.45% respectively. This allowed sentiment-linked currencies, such as the Australian dollar, to find strength in the last moments of Wednesday’s session. It seems that the key takeaway from the minutes of the Fed’s May 3rd – 4th meeting was not what was said, but rather what was left out. The document offered no immediate signals that policymakers could become more hawkish outside of current expectations. In fact, there were clues that the central bank could even pause its current hike cycle in the fall. According to the document, the Fed is 'well-positioned later this year to assess the effects of policy firming and the extent of which economic developments warranted policy adjustments'. In recent weeks, markets have been materially pulling back 2023 tightening prospects. Odds of a 50-basis point increase are also fading for September. On the intra-day chart below, the US dollar can be seen weakening after the FOMC minutes crossed the wires. This is as the S&P 500 pushed higher. The improvement in risk appetite helped propel AUD/USD higher, though it still left it lower by the end of the session. FOMC Minutes Market Reaction Source: TradingView Thursday’s Asia-Pacific trading session – Australian Capex, AUD/USD The improvement in risk appetite on Wall Street is leaving the door open for some follow-through for Thursday’s Asia-Pacific trading session. As such, regional indices such as the ASX 200 and Nikkei 225 could receive a boost. This could bode well for the sentiment-linked Australian and New Zealand dollar, while placing the anti-risk US dollar and Japanese yen in a vulnerable spot. AUD/USD has first quarter Australian Private Capital Expenditures to look forward to. A stronger result could boost RBA tightening bets, offering AUD/USD upside momentum. Australian dollar technical analysis AUD/USD has been struggling to hold a breakout above the falling trendline from March on the daily chart below. Prices have left behind a Hanging Man candlestick pattern. This is a sign of indecision that can appear after a period of gain. Downside follow-through could spell trouble, though that has also been somewhat lacking. Resuming gains exposes the 0.7165 inflection point. Otherwise, a turn lower places the focus on the 0.6968 – 0.7000 inflection zone. AUD/USD daily chart Source: TradingView This information has been prepared by DailyFX, the partner site of IG offering leading forex news and analysis. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. Daniel Dubrovsky | Currency Analyst, DailyFX, San Francisco 26 May 2022

Hi @MarketInvestor1983 Thank you for your post. The maximum consideration should be GBP 25,000, over that amount you will need to call in to place a deal. All the best - Arvin

Hi @NickBB, Thank you for your post. Could you please clarify what you mean by showing two prices? You can have different windows showing different markets by clicking on the icon at the top right-had corner. You can also split the charts for the same market. If you are after market depth you can subscribe to Level 2 to receive such data Please let us know if it helps. All the best - Arvin

Hi @kanpro123, You can only use Guaranteed stops on MT4 if your account is a Limited Risk account, meaning GS are required for your to place orders. Thank you - Arvin

Hi @Mattshowan, The dealing desk advised that it should be fixed now. Please let us know if you are able to place your deal. Thank you - Arvin

The RBNZ lifted the official cash rate 0.50% to 2.0% as expected; this is the fifth rate hike in succession for the RBNZ to fight inflation and hawkish RBNZ as Fed expectations fade. Source: Bloomberg Forex Shares Inflation Monetary policy NZD/USD New Zealand dollar The New Zealand dollar bolted after the Reserve Bank of New Zealand (RBNZ) raised the official cash rate (OCR) 0.50% to 2.0%, as anticipated. The Kiwi overcame pre-meeting weakness on the decision. It comes at a time when the market is reducing the amount of rate hikes that the Federal Reserve will be required to make to combat their inflation woes. NZD/USD immediate reaction to RBNZ rate hike Source: TradingView The RBNZ is looking to control rampaging inflation in the aftermath of extremely loose fiscal and monetary policy. Today’s hike has seen the cash rate go from a pandemic low of 0.25% to 2.0%. Year-on-year New Zealand CPI is running at 6.9% to the end of the first quarter, the highest in 30 years. The latest unemployment rate of 3.2% for March is at multi-generational lows. A fortnight night ago, food price inflation for the month of April came in at 0.1% against a previous reading of 0.7%. This gives an annual read of 6.4% for food inflation at the retail level, down from the prior 7.4%, potentially indicating that tighter monetary policy might be impacting prices. Unfortunately, New Zealand, like Australia, only delivers CPI quarterly and this leaves the RBNZ somewhat in the dark on the current level of price pressures within the economy. It also makes it difficult for them to gauge the response to their actions thus far. The next RBNZ monetary policy meeting is 13th July. Second quarter CPI will be released 17th July. The result is that it’s possible that the next rate decision from the RBNZ could be the wrong one, regardless of what they do, through no fault of their own. NZD/USD technical analysis NZD/USD has bounced off a two-year low of 0.6217 and proceeded to move above a descending trend line earlier this week. On that rally it has crossed above the 10- and 21-day simple moving averages (SMA) which may suggest that bearish momentum has stalled. If the price goes below those SMAs, if could be a resumption of bearish momentum. On the topside, a series of break points and the recent high might provide resistance at 0.6540, 0.6569, 0.6593 and 0.6631. The medium and longer-term SMAs above those levels may also offer resistance. Support may lie at the break point of 0.6380 or the recent low of 0.6217. Source: TradingView This information has been prepared by DailyFX, the partner site of IG offering leading forex news and analysis. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. Daniel McCarthy | Strategist 25 May 2022

Hi @bellyboo, I believe that it is a scam, you can find the official website of Morgan Stanley here: https://www.morganstanley.com/ All the best -Arvin

WTI crude oil moved higher over the past few days due to the weakening greenback and the easing of Shanghai's lockdown. However, a fresh catalyst emerged this week and may cool down the momentum. Source: Bloomberg Commodities Petroleum United States Recession Shanghai China Both U.S. West Texas Intermediate crude oil and Brent Crude have been inching higher over the past few days due to the weakening greenback and the easing of concerns as China lifts Covid-related restrictions in Shanghai. However, a fresh catalyst that emerged early this week may cool down the momentum for the crucial energy. First, the European Union seemly struggled to reach a final agreement on banning Russian oil following its invasion of Ukraine by the intended deadline, the end of the year. Second, China's capital Beijing reported a record number of new Covid-19 cases on Monday, reviving concern that the nation's most important city may face a broad lockdown and impact the Shanghai's exit plan. Thirdly, on Thursday the US will report the preliminary GDP data for Q1 as a revision of the advanced GDP data released last month, which showed an economic contraction of 1.4%. The upcoming print is anticipated to demonstrate a wide-range pullback from 6.9% growth in Q4 2021, primarily due to a record trade deficit and a decline in inventory investment. Angst over the global economy has been ascending since early 2022. The recent data revealed US retail sales and the Q1 earnings have fuelled this concern to a lofty level. It must be said that the possibility of a recession in the US and elsewhere is now turning from 'likely' to 'possible'. Nevertheless, it can't be ignored that the continued war in Ukraine means that supplies of oil to the rest of the world will be under pressure for the foreseeable future. Technical analysis The daily chart shows that the price of US crude is staying safely in the ascending trajectory with strong support from both the 20 and 50-days moving averages. The upper boundary of the tunnel should meet with the March high at 113.60 in the next couple of days and will play as a major resistance level and potentially a reversal point if the price fails to breakthrough. In this scenario, the 20-day MA sits around $106.88, which will be the imminent support before the price moves towards the lower boundary at 102.8. Source: IG Source: IG Take your position on over 13,000 local and international shares via CFDs or share trading – and trade it all seamlessly from the one account. Learn more about share CFDs or shares trading with us, or open an account to get started today. Hebe Chen | Market Analyst, Melbourne 24 May 2022

HI @Bourei, Thank you for your feedback, an incident ticket has been raised with the IT team. All the best - Arvin

Hi @CloudStock, Thank you for your post. We are sorry to hear that you are facing technical difficulties. I will raise this incident to the IT team. Could you please confirm, if you tried on another browser or on the IG app? Have you tried to delete your cache and cookies? Thank you - Arvin

Hi @alex9686, I managed to reach out to the Corporate action team. They advised that your order was reversed. The options should now be available on your side. All the best - Arvin

FOMC meeting minutes, a GDP revision and PCE inflation to guide the dollar price this week. Source: Bloomberg Forex Inflation Personal consumption expenditures price index GDP Federal Open Market Committee Recession FOMC meeting minutes Minutes from the last Federal Market Open Committee (FOMC) meeting on the 4th of May, are set for release on Wednesday (25 May) evening (GMT). Markets will be looking for further clues with regards to the future of monetary tightening in the world's largest economy. Source: CME Group Fedwatch Tool The CME Group’s Fedwatch Tool currently suggests that a 50 basis point (bps) hike has a 92.3% probability at the 15 June meeting. The Fedwatch Tool goes on to suggest another 50 bps hike (87.6% probability) at July’s meeting as well. But while the Federal Reserve (Fed) has become progressively more hawkish at each meeting, the group's outlook towards inflation and growth will come under increased scrutiny. A more hawkish approach to monetary policy will find some friction against contraction in economic growth, whereby the first quarter produced negative growth of 1.4% year-on-year. The contraction in growth meets Consumer Price Index (CPI) inflation still tracking above 8%. Negative growth and high inflation provide two component parts of the ‘stagflation’ conundrum. The third component part to ‘stagflation’ is labour, which at current levels (3.6% unemployment) holds off overuse of the word just yet. Stagflation is known to be a precursor to a recession. GDP and inflation prints this week as well Further to Wednesday’s release of the FOMC meeting minutes, markets will be looking to Thursday’s US Gross Domestic Product (GDP) and Friday’s Personal Consumption Expenditure (PCE) Index data for near-term directional guidance. The preliminary GDP data is a revision of the advance GDP data released last month, which showed an economic contraction of 1.4%. The PCE Index data is the Federal Reserve's preferred measure of inflation and follows on from the recently released CPI data which showed inflation in the world’s largest economy at 8.1% annualised in April this year. The US dollar – technical view Source: ProRealTime The dollar index is currently correcting from near-term highs. The rising wedge (shaded area), price blowoff (three steepening trendlines), and overbought signals were warnings that we could see a short-term correction of the longer term uptrend, which is now taking place. Traders respecting the longer term uptrend, will be looking for a bullish price reversal from the short-term correction underway for long entry into the dollar. A confluence of horizontal and trendline support is considered at around the 101.00 mark. Should we not get a bullish price reversal before this level, and instead see a price close below, we would then be looking for long entry on a bullish price reversal closer to the 99.20 support level. Shaun Murison | Senior Market Analyst, Johannesburg 24 May 2022

The food and clothing retailer unveils figures this week Source: Bloomberg Shares Retail Marks & Spencer Tax Tesco Bond It’s all change at Marks & Spencer, which posts full-year results on Wednesday. Current chief executive Steve Rowe is also set to leave this summer after six years in the job as part of the company’s succession plan. He stands down at the full-year results this Wednesday and his last day is the AGM on 5th July. Rowe has been with the company since he was 15. Steve Machin is to take over as CEO, while Kate Bickerstaffe will become co-CEO and Eoin Tonge chief strategy and finance officer. Investors will want to know what the new management team’s plans are for the long-established retailer. Its restructuring programme has finally begun to bear fruit, with a handful of earnings upgrades last year. They will also be watching closely to see how significantly inflation and input costs will affect the retailer going forward and what it is doing to mitigate this. M&S faces inflationary headwinds, possible online tax Other retailers, including AB Food-owned Primark and Tesco have already announced that they are facing tough inflationary headwinds. Marks & Spencer also recently criticised the Treasury’s proposed tax on online retailers. "This rationalisation will always start with the least profitable parts of a business - which, in the case of multi-channel retailers, will more often than not be High Street stores,” said chief finance officer, Eoin Tonge of the proposals. "Therefore it is likely that, far from helping the High Street an online sales tax will damage shops and our high streets further, particularly in areas that require new investment to bring them back to life." Strong Christmas trading for Marks However, the retailer posted an upbeat Christmas trading statement in February, with food sales up 12.4% to £1.9 billion on the year 2019 to 2020 and clothing and home sales up 3.2% to £1.1 billion compared to the same period. "Trading over the Christmas period has been strong, demonstrating the continued improvements we've made to product and value,” outgoing CEO Steve Rowe said at the time. “Clothing and home has delivered growth for the second successive quarter, supported by robust online and full price sales growth. “Food has maintained its momentum, outperforming the market over both 12 and 24 months. The market continues to be impacted by the headwinds and tailwinds that we reported in the first half, but I remain encouraged that our transformation plan is now driving improved performance." International sales rose 5.1%, with online sales more than doubling. Marks & Spencer also strengthened its balance sheet and paid off its December 2021 bond maturity with cash, signing a new £850 million revolving credit facility, which matures in June 2025. It also sold two warehouses for £42.5 million in cash. Management said in February that it expected the “strong trading” it had seen in the early part of the quarter “to be sustained” and that it was more confident that it would deliver on its increased earnings guidance. It expects full-year profits before tax and adjusting items of at least £500 million, assuming “no further material restrictions or lockdowns.” Trading at 135.8p, the shares are down 48% since hitting a high of 260p in January, hit by the wider market sell-off. While difficult times lie ahead for the retail sector, Marks & Spencer shares are worth buying for the longer term. Trade over 16,000 international shares from zero commission with us, the UK’s No.1 trading provider.* Learn more about trading shares with us, or open an account to get started today. *Based on revenue excluding FX (published financial statements, June 2020). Piper Terrett | Financial writer, London 24 May 2022

easyJet’s share price could be on the path to recovery, as it ramps up capacity to accommodate the anticipated summer boom. Source: Bloomberg Shares EasyJet Airline Revenue Flight attendant Airport At 517p apiece, easyJet (LON: EZJ) shares remain 59% below their pre-pandemic crash level and have fallen by 44% since their May high of 922p last year. And now all hopes for its share price recovery rest on a resurgent summer season. easyJet share price: half-year results Results brought broadly positive news for easyJet shareholders. Revenue increased by a substantial 524.2% to £1.498 billion compared to the same pandemic-ravaged half last year, where it made just £240 million. Within this, ancillary revenue rose by 632.9% to £513 million. Capacity increased from 6.4 million to 30.2 million, driving passenger revenue up by 479.4% to £985 million, ‘as we flew increased levels of capacity compared to the same period last year.’ Passenger revenue per seat, a key metric, rose by 22.7% to £32.49. And the FTSE 250 company highlighted that trade began to strengthen in February and March as Omicron restrictions were removed. However, despite the positive trajectory, easyJet made another headline loss, this time of £545 million. While this is a better result than the £701 million it lost in the same half last year, headline costs rose by 117% to £2.043 billion, ‘primarily due to the increase in flown capacity.’ But the airline operator has reduced net debt by a third down to £600 million since September and has no debt set to mature until 2023. Further, it has a strong cash position, with a cash and equivalents balance of around £3.5 billion. Further, the airline is currently hedged for 71% of jet fuel, and 29% hedged for H1 FY23, restricting the margin impact of currently sky-high oil prices. However, it told investors that higher fuel and USD exchange rates were ‘layering additional cost in H2.’ CEO Johan Lundgren exhorted that ‘easyJet has reduced its losses year on year, at the better end of guidance. The pent-up demand and removal of travel restrictions provided for a strong and sustained recovery in trading.’ Source: Bloomberg Where next for easyJet shares? easyJet says it ‘faces summer 2022 with optimism,’ and that customers are ‘returning strongly to us whilst also driving a step changed revenue capability.’ Lundgren expects ‘to operate 90% of FY19 capacity in Q3’ and revealed that easyJet has a ‘capacity on sale of around 97% of FY19 flying in Q4.’ He hopes this will leave the airline as ‘a winner in the post pandemic recovery of European aviation.’ And while business and city traffic remains below pre-pandemic levels, perhaps reflecting the cultural shift towards remote working, ‘in the second half of the year leisure and domestic routes have fully recovered with capacity at 113% and 104% of FY19 levels respectively.’ Meanwhile, ‘easyJet holidays is continuing to build, as the UK’s fastest growing holiday company and remains on track to carry >1.1 million passengers in FY22 with over 70% of the program sold.’ Overall, forward bookings are 76% sold for Q3 and 36% sold for Q4. However, Lundgren admitted ‘it has been well documented that the industry is experiencing some operational issues so, as you would expect, we have been absolutely focused on taking action to ensure we have strengthened our operational resilience for this summer.’ This includes ‘proactively managing the schedule, reducing cancellations through various measures such as, boosting recruitment, and improving ID processing.’ However, the reputational damage is already done. With thousands of flights cancelled, missing luggage, and airport chaos, angry customers include stranded holidaymakers, business people, honeymooners, and in one extreme case, a customer who missed the chance to see their dying mother after their flight was cancelled. But despite the disruption, easyJet argues ‘bookings continue to be strong as we have seen demand, post the impact of the Omicron variant, returning with the removal of travel restrictions.’ To cope with its staffing crisis, it’s even removing some seats, with easyJet now ‘operating our UK A319 fleet with a maximum of 150 passengers onboard and three crew in line with CAA regulations.’ The airline is legally compelled to provide one cabin crew member per 50 passengers. Despite costing precious revenue, airlines are usually held liable for compensation for flight cancellations within two weeks of departure. And staff shortages is not an acceptable excuse. HSBC analyst Andrew Lobbenberg Open My IG ‘what we can see, looks decent. Winter remains the unknown. Concerns over weakening consumer confidence in the autumn abound. We think there is a possibility that these fears may be overdone. We expect consolidation, aircraft and labour shortages combined to limit capacity and support yields in a challenging economic environment.’ But with inflation at 9% amid a worsening cost-of-living crisis, a question mark hangs over the anticipated summer boom for easyJet shares. Trade over 16,000 international shares from zero commission with us, the UK’s No.1 trading provider.* Learn more about trading shares with us, or open an account to get started today. *Based on revenue excluding FX (published financial statements, June 2020). Charles Archer | Financial Writer, London 23 May 2022

Hi @Brokenabrokena, The minimum deposit would be 250 GBP : You can find more information on the blog below: All the best - Arvin

Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 23rd May 2022. These are projected dividends and likely to change. IG cannot be held responsible for any changes made. Dividends highlighted in red include a special dividend, therefore some or all of the amount will not be adjusted. Amount in brackets is the expected adjustment after special dividends excluded (where shown on major indices). Dividend adjustments due to be posted on a bank holiday will usually be posted on the previous working day. If you have any queries or questions on this please let us know in the comments section below. For further information regarding dividend adjustments, and how they affect your positions, please take a look at the video. NB: All dividend adjustments are forecasts and therefore speculative.A dividend adjustment is a cash neutral adjustment on your account. Index Bloomberg Code Effective Date Summary Dividend Amount N/A Special Div How do dividend adjustments work? This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.

Gold prices rose the most since early March as the US dollar fell; markets seemed to be trimming 2023 Fed rate hike expectations and XAU/USD still needs to breach critical resistance for bullish view. Source: Bloomberg Forex Shares Commodities Gold United States dollar XAU/USD Gold prices soared almost 1.4% on Thursday in the strongest rally since early March. The anti-fiat yellow metal likely capitalized on a combination of a weaker US dollar and falling Treasury yields. This was during a relatively quiet day in terms of economic event risk. Volatility cooled in global stock markets a day after the S&P 500 futures clocked in a roughly 4 percent drop. It seems that traders might be growing increasingly concerned about a recession in the United States. Taking a look at Fed Funds futures, markets have been gradually paring Federal Reserve rate hike expectations for 2023. This has been coinciding with losses in the stock market. Meanwhile, the gap between search interest for the terms ‘inflation’ and ‘recession’ have been increasingly narrowing. Gold has been struggling to meaningfully capitalize despite the highest inflation in 40 years. What has likely been holding it back is a combination of a strong US dollar and surging Treasury yields. Until the direction in the these start to change, it might be difficult for the yellow metal to sustain meaningful upside progress. The economic docket is once again rather lackluster heading into the weekend, leaving the yellow metal paying attention to broader fundamental themes in the market. Conditions are still relatively volatile. Despite softer US yields, risk aversion could threaten gold is the US dollar once again catches a bid. Gold technical analysis On the four-hour chart below, gold prices are testing the former rising trendline from 2021. It seems to be holding as new resistance, with the 100-period Simple Moving Average just above. This is also closely aligned with the 1849 – 1858 inflection zone. Breaking above the latter could increasingly shift the outlook bullish. Otherwise, rejecting resistance could see prices retest early 2022 lows. XAU/USD four-hour chart Source: TradingView Daniel Dubrovsky | Currency Analyst, DailyFX, San Francisco 20 May 2022 This information has been prepared by DailyFX, the partner site of IG offering leading forex news and analysis. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.

Hi @Tsekomo, If you are willing to fund your account in foreign currency please read through the document below: https://a.c-dn.net/c/content/dam/publicsites/1623329611313/zam/files/misc/210525_IGM_ZAM_Fund_Account.pdf I hope that it helps. For further support, feel free to reach out to helpdesk.za@ig.com. All the best - Arvin

Hi @DAVIDMCCULLOCH1983, Thank you for your post. It is not possible to place a Trailing stop on a working order the dealing logic won't allow it. You can add a trailing stop while placing an order or once the position is open. You can have an EA to add trailing stop on open positions. I hope that it helps. All the best - Arvin